Black empowerment group takes 26% stake in Digicore
[Iain Scott] Black empowerment group Pamodzi Investment Holdings has acquired 26% of Digicore, the JSE-listed vehicle tracking and fleet management products supplier, for an undisclosed sum.
The market value of the 56 million shares acquired by Pamodzi is about R24.1 million, based on Wednesday`s share price close of 43c.
Digicore MD Nick Vlok says that with Pamodzi as its partner, the company will be in a better position to grow its business in both the corporate and public sectors.